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NZ shares extend gain as passive funds bolster prices; Tourism Holdings climbs

New Zealand shares remained in record territory as passive investment funds appeared to support the upward trend in school holiday-affected trading. Tourism Holdings led the market higher when it resumed trading.

Friday, July 19th, 6:09PM

The S&P/NZX 50 Index increased 12.06 points, or 0.1 percent, to 10,753.15. Within the index, 27 stocks rose, 18 fell, and five were unchanged. Turnover was $97 million, with just four companies trading on volumes of more than a million shares.

Trading has been quieter than usual over the school holiday period and almost half the transactions through the exchange in recent days have been in the ...MORE»

RBNZ says no change in approach on Resolution Life's AMP purchase

Friday, July 19th, 7:41AM

The Reserve Bank says it hasn’t changed its approach to applications for changes of ownership of life insurance companies and nor has there been any change in New Zealand insurance law or regulations since October 2018.

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Finely balanced, markets walking a tightrope

Thursday, July 18th, 6:00AM

The Harbour team examine market movements in the past month, and what they are watching going forward.

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Pathfinder-backed KiwiSaver to target gender diversity

A new KiwiSaver scheme launching today will only invest in New Zealand listed companies that have at least one female director on their boards.

Wednesday, July 17th, 9:59AM  7 comments

The scheme – CareSaver - has also committed to share 20% of its investment management fees from its funds with a range of leading charities including the Mental Health Foundation, Forest & Bird and Plunket, with the beneficiary charity selected by the individual KiwiSaver member.

CareSaver is established by Pathfinder Asset Management.

CareSaver will meet the investment and risk objectives ...MORE»

Former ANZ wealth boss joins Pie

Tuesday, July 16th, 6:00AM

ANZ’s former general manager of wealth products has taken a role with Pie Funds.

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CFP numbers predicted to lift

Monday, July 15th, 6:00AM

Financial Advice NZ is launching a marketing fund to promote the CFP mark in New Zealand.

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Hatch's egg grows

Friday, July 19th, 9:00AM

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[GRTV] We have to prove we are not the bad guys: Ballantyne

Thursday, May 23rd, 12:25PM  2 comments

Partners Life managing director Naomi Ballantyne says the various regulatory reviews are putting huge pressure on life insurance companies and distracting them from their core business of paying claims. MORE»

Insurance Centre Sponsored by: 

Wellness for all

Thursday, July 18th, 9:20AM

Health insurer Accuro has launched a free wellbeing programme to all of its 30,000 members. MORE»

TMM Online
  

NAB names Ross McEwan new CEO

Friday, July 19th, 12:00PM

National Australia Bank has appointed New Zealander Ross McEwan, the former boss National Mutual, as its new CEO. MORE»

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Southern Cross Health Society appoints new strategic advisor

Friday, July 19th, 11:15AM

Southern Cross Health Society has created a new role to help it meet the future needs of members, appointing health sector leader Dr Lester Levy into the position. MORE»

KiwiSaver Sponsored by: 

Pathfinder-backed KiwiSaver to target gender diversity

Wednesday, July 17th, 9:59AM  7 comments

A new KiwiSaver scheme launching today will only invest in New Zealand listed companies that have at least one female director on their boards. MORE»

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Latest Comments
  • Call to ensure efficient advice licensing
    “Interesting perspective discovered, will make things interesting in the next little while. @MPT many RFA businesses are...”
    48 minutes ago by JPHale
  • Call to ensure efficient advice licensing
    “Thanks Murray. I wonder how many RFA's are considering becoming a sole trader FAP. MBIE is banking on none according to...”
    21 hours ago by MPT Heretic
  • Pathfinder-backed KiwiSaver to target gender diversity
    “This is a great initiative by Pathfinder - congratulations on taking a risk, and standing up for something that you believe...”
    2 days ago by Pragmatic
  • Call to ensure efficient advice licensing
    “@all Put your cheque books away - no need to pay the lawyers to do the research to provide an opinion...... In my old...”
    3 days ago by Murray Weatherston
  • Call to ensure efficient advice licensing
    “Further reading - Kinsington Swan in February 2018 https://www.kensingtonswan.com/news-updates-and-events/financial-advice-reforms-insights-series-14-penalties-enforcement-complaints-and-disciplinary-matters/...”
    3 days ago by all hat, no cattle
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